Good MorningSanta Claus brought the market exactly what it wanted for Christmas, a new all-time high. The S&P 500 advanced more than 1.0% on Monday to close near the high of the session and set a definitive new all-time high. This high breaks the market out of its recent consolidation and could add another 100 points or more to the index before the next level of major resistance is reached.
This week’s action could be a bit volatile due to low volume and engagement. The biggest news of the week will come on Thursday when they release the Chicago PMI. The PMI is expected to advance from the previous month, the question is by how much? Regardless, the data will not likely move the market unless it is wildly out of synch with the consensus estimates. The market will be closed on Friday in observance of the New Year Holiday.
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Tech | | Technology companies led U.S. stocks broadly higher Monday, extending the market's recent rally. Trading was muted following the Christmas holiday as Wall Street kicked off the final week in a banner year for the stock market.
Trading is expected to be quiet, but potentially volatile,... Read the Full Story |
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Markets | | The January Effect could lead to money rotating out of past winners and into areas of the market that offer more upside potential. That’s why we’ve put together the following list of 3 comeback stocks to buy for 2022. Keep reading below to learn more. Read the Full Story |
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Markets | | Asian shares rose Tuesday, although optimism set off by a rally on Wall Street was dampened by concerns over the potential impact of the omicron variant of the coronavirus.
Japan's benchmark Nikkei 225 jumped 1.4% to finish at 29,069.16. South Korea's Kospi gained 0.5% to 3,015.63. H... Read the Full Story |
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From Our Partners | | Nvidia just got Trump’s greenlight to sell high-powered AI chips to China — and their stock surged 5% before the open.
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Tech | | Stocks were modestly higher Monday in muted trading after the Christmas holiday, helped by big technology companies like Apple and Nvidia.
Trading is expected to be quiet, but potentially volatile, this week as the omicron coronavirus variant continues to spread quickly throughout th... Read the Full Story |
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Stocks | | Yesterday we wrote about how attractive Micron (NASDAQ: MU) is looking as we close out 2021, with the likes of Mizuho and Citi both calling it a top pick for the coming year. But they’re certainly not alone in attractive semiconductor names, and as was pointed out by the latter, “busines... Read the Full Story |
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Markets | | The charge was led by a mix of reopening plays and volatile tech names that have so often been in the driver seat during recent market rebounds. Fortunately, with presents unloaded there is room on the sleigh for traders to climb aboard. Read the Full Story |
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Tech | | To help make China a self-reliant “technology superpower,” the ruling Communist Party is pushing the world's biggest e-commerce company to take on the tricky, expensive business of designing its own processor chips — a business unlike anything Alibaba Group has done before.
Its 3-year... Read the Full Story |
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Tech | | U.S. auto safety regulators have stepped up a series of investigations into engine fires that have plagued Hyundai and Kia vehicles for more than six years.
The National Highway Traffic Safety Administration says a new engineering analysis investigation covers more than 3 million vehi... Read the Full Story |
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Markets | | Organic salad restaurant operator Sweetgreen (NYSE: SG) stock recovering off its recent IPO sell-off as investors take advantage of discounted shares. The Company operates over 140 restaurants with over 5,000 workers underscoring the plant-friendly, locally sourced, organic, and earth-friendly theme... Read the Full Story |
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Markets | | Factset Research Systems (NYSE: FDS) has a strong fundamental story that is driving its share prices higher. Factset Research Systems also has a strong technical story that is pointing not only to higher highs but an acceleration of sentiment that could sustain this rally to another substantial double-digit gain in share prices. Read the Full Story |
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The Early Bird Stock Of The Day Federal Realty Investment Trust is an equity real estate investment trust, which engages in the provision of ownership, management, and redevelopment of retail and mixed-use properties located primarily in communities where demand exceeds supply in strategically selected metropolitan markets. The company was founded in 1962 and is headquartered in North Bethesda, MD. | View Today's Stock Pick |
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